Buffett Beefs Up in Wells Fargo, Slims Down in BofA Posted: 14 Feb 2011 07:24 PM PST Warren Buffett's Berkshire Hathaway added to its holdings of Wells Fargo in the fourth quarter, while eliminating positions in several other stocks including Bank of America. |
Deutsche Börse Gets Majority of Directors Posted: 14 Feb 2011 07:12 PM PST Deutsche Börse's takeover agreement with NYSE Euronext includes a 17-member board of directors, with a majority drawn from the German company. |
'Love Letters' for a Takeover Posted: 14 Feb 2011 07:02 PM PST Despite a frenetic takeover battle immortalized in "Barbarians at the Gate," private-equity firms typically don't employ a hostile approach in their pursuit of companies. |
China Prices Up 4.9% Posted: 14 Feb 2011 08:12 PM PST China's consumer prices rose 4.9% in January from a year earlier, prompting worries authorities are falling behind in the fight against inflation. |
Funds Didn't Monitor Currency Charges Posted: 14 Feb 2011 07:44 PM PST Public pension funds ramped up currency trading in the past decade but failed for years to monitor prices banks charge in making these trades—and in one case, appeared to have ignored a consultant's warnings of being overcharged. |
Huawei Set Back On Deal In U.S. Posted: 14 Feb 2011 07:24 PM PST A U.S. panel decided that Huawei should divest itself of a small technology company the Chinese telecom-equipment maker bought in May. |
Wall Street Missed Out on Commodities Boom Posted: 14 Feb 2011 07:47 PM PST Gold, copper and cotton hit record highs in 2010, and investors piled into the market. But Wall Street's revenue from the market fell by an average of about 40%, according to bankers familiar with the results. |
Marriott to Spin Off Timeshare Business Posted: 14 Feb 2011 08:02 PM PST Marriott is spinning off its timeshare business, a one-time booming profit center for hotel companies that petered out during the recession. |
Apple Audit Details Changes at Foxconn Posted: 14 Feb 2011 05:29 PM PST Apple dispatched its chief operating officer to a Chinese manufacturing partner last year to assess and advise the company after a rash of highly publicized suicides. |
Recalled Devices Got Less Stringent Review, Study Says Posted: 14 Feb 2011 04:47 PM PST Most medical devices recalled because of hazards were initially cleared through an abbreviated approval system that doesn't require testing on patients. |
FedEx Cuts Outlook Posted: 14 Feb 2011 05:19 PM PST FedEx lowered its profit outlook for the current quarter, citing cost pressures from severe winter storms and rising fuel prices. |
Grammys Draw Big Audience Posted: 14 Feb 2011 11:58 AM PST Sunday night's Grammy Awards scored its biggest audience in a decade, as about 26.7 million people watched the music-awards show. |
Armstrong Buys AOL Stock Posted: 14 Feb 2011 03:14 PM PST AOL CEO Tim Armstrong spent $10 million on Friday to buy 477,000 shares of the Internet media company, a vote of confidence of the company's turnaround efforts. |
GM Outlines Profit-Sharing Posted: 14 Feb 2011 01:08 PM PST General Motors said its 45,000 U.S. hourly workers will get at least $4,000 each under a profit-sharing agreement with the UAW. |
Hedge Funds Oppose GM Plan Posted: 14 Feb 2011 12:54 PM PST Four hedge funds say General Motors' bankruptcy estate is refusing to make good on $1 billion in debt owed to the investment firms. |
Czech Emissions Registry Set to Reopen Posted: 14 Feb 2011 12:34 PM PST The Czech registry of carbon emission allowances, hit hardest in January's €30 million ($40.4 million) pan-European string of cyberthefts, said it aims to reopen next week. |
Thousands Join Protests in Tehran Posted: 14 Feb 2011 01:36 PM PST Thousands of Iranians gathered across Tehran, demonstrating in solidarity with Egyptian and Tunisian protesters who toppled their own regimes. |
Obama Proposes $3.73 Trillion Budget Posted: 14 Feb 2011 01:51 PM PST Obama's $3.73 trillion budget proposal for fiscal-year 2012 marks the start of a long fight with congressional Republicans about the depth of spending cuts. |
Court Orders Chevron to Pay $8.6 Billion Posted: 14 Feb 2011 01:49 PM PST Chevron was ordered by a court in Ecuador to pay more than $8.6 billion in a long environmental battle involving its Texaco unit. |
Web-Video Viewing Jumps Posted: 14 Feb 2011 02:38 PM PST The time spent watching online video rose 45% in January from a year ago, although the number of viewers increased only 3.1%, and Netflix streaming service was a big gainer, Nielsen said. |